Rising Wedge
Conversely, a rising wedge is a bearish pattern that signals that the security is likely to head in a downward direction. The trend lines of this pattern converge, with both trend lines slanted in an upward direction.
Falling Wedge
The falling wedge is a generally bullish pattern signaling that one will likely see the price break upwards through the wedge and move into an uptrend. The trend lines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.
Conversely, a rising wedge is a bearish pattern that signals that the security is likely to head in a downward direction. The trend lines of this pattern converge, with both trend lines slanted in an upward direction.
Falling Wedge
The falling wedge is a generally bullish pattern signaling that one will likely see the price break upwards through the wedge and move into an uptrend. The trend lines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.
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Below these are the Bullish Wedge Pattern stocks on June 27, 2012.
Ticker Company PSDV pSivida Corp.
NRG NRG Energy, Inc.
EXEL Exelixis, Inc.
FXEN FX Energy Inc.
CLDX Celldex Therapeutics, Inc.
OSG Overseas Shipholding Group Inc.
LRN K12, Inc.
LYV Live Nation Entertainment, Inc.
BWC The Babcock & Wilcox Company
FSC Fifth Street Finance Corp.
MCRL Micrel Inc.
IO ION Geophysical Corporation
ISIL Intersil Corporation
IRE The Governor and Company of The Bank of Ireland
NDSN Nordson Corporation
NCMI National CineMedia, Inc.
BKU BankUnited, Inc.
ABC AmerisourceBergen Corporation
OGE OGE Energy Corp.
PHG Koninklijke Philips Electronics NV
BRKR Bruker Corporation
OPK Opko Health, Inc.
GNRC Generac Holdings Inc.
VOLC Volcano Corporation
KSS Kohl's Corp.
BWLD Buffalo Wild Wings Inc.
PPP Primero Mining Corp.
CRI Carter's, Inc.
CAH Cardinal Health, Inc.
WSH Willis Group Holdings Public Limited Company
LGF Lions Gate Entertainment Corp.
MHK Mohawk Industries Inc.
AYI Acuity Brands, Inc.
LIVE LiveDeal, Inc.